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This Question: 1 pt 35 of 40 (0 complete) This Te Tricia, a programmer, eamed $25,000 in 2010, but in 2011, she opened a body
This Question: 1 pt 35 of 40 (0 complete) This Te Tricia, a programmer, eamed $25,000 in 2010, but in 2011, she opened a body board manufacturing business. After one year, she submitted the information on the right to her accountant. The accountant recorded the depreciation on Tricia's cottage during 2007 as $7,000. According to the accountant, Tricia's profit is Question Facts i She stopped renting out her cottage for S3,500 a year and used it as her factory. The market value of the cottage increased from $64,000 to $69,000 OA. $30,000 O B. $65,800 O C. $119,700 O D. $72,800 OE. $23,000 She spent $20,000 on materials, phone, utilities, etc. She leased machines for $5,000 a year. iv She paid S7,500 in wages. v She used $20,000 from her savings account, vi She borrowed S10,000 at 8 percent a year from vi She sold $160,000 worth of body boards. which earns 2 percent a year interest. the bank viii Normal profit is $30,000 a year
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